Economy

US wage growth hits nine-year high

US wage growth hits nine-year high US employers sped up their hiring in August, reversing several months of slowing gains. There were also gains in transportation and healthcare employment. Wholesalers added 22,400 jobs. Friday's jobs report showed that professional and business services, a category that includes both higher-paying fields such as engineering and accounting and lower-paying temp jobs, led August's job growth wit... [Full Article...]

Canada's ever-volatile labour report posts 'messy' results for August

Canada's ever-volatile labour report posts 'messy' results for August Windsor's rate is now tenth highest among 34 larger Canadian cities. The government said that in general, monthly changes in part-time employment can be the result of a number of factors, including movements between part-time and full-time work, movement of younger and older workers in and out of the labour force, changes in employment in industries where part-time work is more common, and sli... [Full Article...]

CBS Reportedly Offering Les Moonves a $100 Million Exit Package

CBS Reportedly Offering Les Moonves a $100 Million Exit Package Moonves's potential departure comes amid sexual assault allegations against him - and as CBS faces a legal dispute regarding control of the company. Those were mistakes, and I regret them immensely. FBN's Charlie Gasparino discusses how CBS CEO Les Moonves is negotiating his exit from the company. [Full Article...]

Obama in campaign mode, back to promoting hope over fear

Obama in campaign mode, back to promoting hope over fear These are extraordinary times, and they are risky times, " Obama said during the speech at the University of IL at Urbana-Champaign. Trump made an aside during the rally to mention that someone asked him earlier in the day about Obama's speech. [Full Article...]

Goldman Sachs Says No to Trading Crypto (Maybe)

Goldman Sachs Says No to Trading Crypto (Maybe) CNBC boss Sally Shin talked about recent developments to Chief Financial Officer Martin Chavez , CFO of Goldman Sachs . While the decision may dispel users that prioritize anonymity, it may also help ShapeShift attract users that trade larger amounts of funds that tend to prefer regulated venues, said Vijay Ayyar, the Singapore-based head of business development at Luno, a cryptocurrency ... [Full Article...]

Biggest single-day increase in petrol and diesel prices in Ahmedabad

As per reports, petrol and diesel prices have increased by Rs 2.85 per litre and Rs 3.3 per litre respectively since August. Implication wise, the rise in diesel prices is expected to flare up the inflationary pressure as the fuel is primarily used to transport the majority of goods including agriculture products. [Full Article...]

Ofgem sets proposals for new tariff price cap

Ofgem sets proposals for new tariff price cap Ahead of the announcement, the government had promised to crack down on the industry with Prime Minister Theresa May vowing to fix the "broken energy market" to offer fairer prices for consumers who are paying too much. The Domestic Gas and Electricity Act became law in July, compelling Ofgem to enforce energy suppliers to comply to a cap on tariffs. There are arguments both for and against an ... [Full Article...]

Bernie Sanders Introduces Bill Targeting Jeff Bezos

Bernie Sanders Introduces Bill Targeting Jeff Bezos Not so subtly, it was named by Sanders the Stop Bad Employers by Zeroing Out Subsidies , or BEZOS, Act. Anecdotes shared by current and former Amazon employees corroborate these findings. For the goal of the bill, large employers are defined as those with more than 500 workers - including independent contractors and franchise workers. [Full Article...]

Ford recalls 2 million F-150 trucks due to seat belt fires

Ford recalls 2 million F-150 trucks due to seat belt fires In a statement, the company said it is aware of 17 reports of smoke or fire in the USA and six in Canada. The recall covers about 2 million F-150 trucks from model years 2015 through 2018 with regular cab or super cab assemblies. Ford said dealers also would modify the back interior panels of regular cab trucks as part of the fix . " The truck went up in complete flames in a matter of minutes ... [Full Article...]

Trump poised to tax an additional $200B in Chinese imports

Trump poised to tax an additional $200B in Chinese imports The Trump administration has already slapped duties on US$50 billion of Chinese exports since July, which spurred immediate in-kind retaliation from Beijing. noted in a letter that the government's proposed tariffs on $200 billion cover a wide range of products used in its U.S. operations, including the Apple Watch. [Full Article...]

Burberry bans destroying unsold goods and using fur

Burberry bans destroying unsold goods and using fur The fashion label also said it would stop using real fur in its products, and would phase out existing fur items. Burberry's September 17 runway show will mark the debut collection for new creative chief Riccardo Tisci, who replaced Christopher Bailey at the helm. [Full Article...]

Asian friends pull off epic prank of Pearland McDonald's

Asian friends pull off epic prank of Pearland McDonald's Maravilla further explained his motive for the prank in his vlog posted on YouTube last August 2: "If you notice, there isn't a lot of Asians represented in the media". The student posted a photo to Twitter showing the poster still hanging inside the store 51 days after the prank began. "We looked around and we saw there were no Asians in the posters around McDonald's, so we chose to do it o... [Full Article...]

Obama speaks out against Trump and attacks 'politics of fear and resentment'

Obama speaks out against Trump and attacks 'politics of fear and resentment' But in his Friday comments at the University of IL at Urbana-Champaign, the kickoff to his midterm campaign tour, Obama took a new tack, delivering a fiery speech reminiscent of the energetic oratory he used to deliver while campaigning himself. [Full Article...]

Diesel and petrol prices rise by around 50 paise per litre

Diesel and petrol prices rise by around 50 paise per litre Diesel is vending at Rs 76.51 per litre in Mumbai, Rs. 76.17 per litre in Chennai and Rs. 74.92 per litre in Kolkata. Diesel prices have gone up by almost Rs 4 per litre in over a month across all metro cities. The rupee on the other hand, breached the crucial 72 mark against the United States dollar for the first time on Thursday. Diesel prices on the other hand have risen by Rs 4.25 a litre ... [Full Article...]

Bitcoin extends slump on Goldman Sachs report

Bitcoin extends slump on Goldman Sachs report Bitcoin BTC=BTSP was trading down almost 4.8 percent at $7,007 on the Luxembourg-based Bitstamp exchange on Wednesday. As we all know, Bitcoin is the most advanced and successful cryptocurrency of all time. Chavez spoke at the TechCrunch Disrupt 2018 conference about how customer interest determines which new disruptive technology becomes widely adopted by the mainstream - a conversation ... [Full Article...]

Where US and Canada disagree on NAFTA

Where US and Canada disagree on NAFTA Last week, Trump notified Congress of his plans to sign a trade deal with Mexico , replacing NAFTA . The overall goal is to reach a deal by December 1 so Congress can give its approval to a new NAFTA before Mexico's new president takes office. [Full Article...]

USA trade deficit widens in July

USA trade deficit widens in July The groups expressed concern at the Trump administration's suggestion that the United States might impose tariffs on all Chinese imports coming into the United States. U.S. imports in July rose 0.9 per cent to US$261.2 billion, the highest ever, including record purchases of both goods and services. RDQ Economics said "the United States can not enjoy an investment spending boom without installin... [Full Article...]

Mercedes-Benz EQ may form 'significant' sales

Mercedes-Benz EQ may form 'significant' sales The model, dubbed EQC , is an all-wheel drive SUV with a range of more than 200 miles. The Mercedes-Benz EQ range of electrified vehicles could make up a significant proportion of cars the German automaker sells by 2025, said Mercedes-Benz research and development chief Ola Kallenius in a CarAdvice report. [Full Article...]

FDA again warns against eating Honey Smacks due to salmonella

FDA again warns against eating Honey Smacks due to salmonella Health officials are advising people who may have gotten sick from eating recalled Honey Smacks cereal to contact a healthcare provider. "Honey Smacks. The CDC made a similar announcement in July, but according to the latest announcement, it said that there have been reports of Honey Smacks cereal still being offered for sale. [Full Article...]

Elon Musk Calls Thailand Rescue Diver "Child Rapist" In New Attack

Elon Musk Calls Thailand Rescue Diver Unsworth had then said he was considering legal action against Musk. It isn't where you'd go for caves, but it is where you'd go for something else. At time of publication, neither Musk nor the Tesla board had yet publicly addressed BuzzFeed's claims. How much longer that support can last is anyone's guess. [Full Article...]


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